Man Group PLC announced a significant increase in pre-tax profits for 2021 and highlighted that it is entering the second half with high performance prospects and a good level of customer engagement.
The active investment manager reported pre-tax profit for the six months to June 30 of $380 million, up from $280 million a year ago.
The British firm’s assets under management rose to $142.3 billion from $135.3 billion a year ago, and compared to $148.6 billion at the end of 2021.
“While we expect some volatility in flows in the short term as clients access liquidity and rebalance their portfolios due to market movements, we remain focused on the long term,” chief executive Luke Ellis said.
Source: Capital
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